Useless Coin (USELESS) is attempting a comeback, like a clown juggling chainsaws, with the meme coin jumping 31% in the last 24 hours. 🤹♂️🔥
The price action is like a rollercoaster ride for thrill-seekers, but the broader outlook is as comforting as a root canal. Weak inflows suggest that investors are still as cautious as a cat in a dog park, despite the sudden spike in value. 🐱🐶
Useless Coin Fails To Gain Support… Or a Brain
The Moving Average Convergence Divergence (MACD) indicator shows USELESS approaching a potential bullish crossover. If the MACD line crosses above the signal line, it would confirm a shift in momentum, like a turtle suddenly deciding to sprint. 🐢💨
Such a crossover would indicate that broader market cues are supporting the altcoin. This could help USELESS sustain its current rally and possibly attract new buyers. Increased demand in the coming days may provide additional momentum, aiding the meme coin in testing higher resistance levels. It’s like trying to climb Mount Everest with a yo-yo. 🏔️🪜
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. But beware, it might be as entertaining as watching paint dry. 🎨👀
Despite the recent jump, the Chaikin Money Flow (CMF) indicator signals underlying weakness. Currently sitting below the zero line in negative territory, it highlights limited investor participation and weak inflows. It’s like a party where nobody showed up except the pizza guy. 🍕🚫
Lack of fresh capital inflows remains detrimental to long-term growth. Without consistent buying pressure, the altcoin risks stagnation. The weak sentiment suggests that USELESS may struggle to sustain momentum unless broader market conditions improve significantly in the near term. It’s like hoping for rain in the Sahara. 🌵💧
USELESS Price Needs A Miracle… Or a Really Good Joke
At the time of writing, USELESS is trading at $0.208, having flipped $0.185 into support following its 31% surge. The next resistance lies at $0.230, a key barrier that the meme coin must overcome. It’s like trying to open a jar of pickles with one hand. 🥄🥒
Given current technical signals, USELESS may find it difficult to breach $0.230. If investor sentiment does not improve, consolidation below this resistance level appears likely. It’s like a comedian bombing on stage but still getting paid. 😂💸
On the other hand, if market conditions turn favorable, USELESS could push past $0.230 and secure it as support. This breakout would pave the way for a rise to $0.292, invalidating the bearish thesis and reinforcing bullish momentum. It’s like winning the lottery after buying a ticket from a leprechaun. 🍀💰
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2025-09-06 21:58